Robotti Robert Purchases 865 Shares of ArcelorMittal S.A. (NYSE:MT)

Robotti Robert increased its position in shares of ArcelorMittal S.A. (NYSE:MT) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 368,185 shares of the basic materials company’s stock after purchasing an additional 865 shares during the period. ArcelorMittal comprises about 1.5% of Robotti Robert’s investment portfolio, making the stock its 18th largest position. Robotti Robert’s holdings in ArcelorMittal were worth $8,516,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MT. Geneos Wealth Management Inc. lifted its stake in ArcelorMittal by 89.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 536 shares during the period. GAMMA Investing LLC lifted its position in shares of ArcelorMittal by 68.5% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock worth $34,000 after buying an additional 595 shares during the period. Smartleaf Asset Management LLC boosted its stake in ArcelorMittal by 76.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company’s stock valued at $137,000 after buying an additional 2,586 shares in the last quarter. Callan Family Office LLC bought a new stake in ArcelorMittal in the fourth quarter valued at $207,000. Finally, PNC Financial Services Group Inc. raised its stake in ArcelorMittal by 23.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 1,702 shares in the last quarter. 9.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MT has been the topic of several analyst reports. Jefferies Financial Group lowered shares of ArcelorMittal from a “buy” rating to a “hold” rating and set a $36.20 target price on the stock. in a report on Wednesday. Morgan Stanley cut shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.43.

ArcelorMittal Stock Performance

Shares of NYSE:MT opened at $30.78 on Thursday. The business has a fifty day moving average of $28.36 and a 200-day moving average of $25.67. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90. The firm has a market cap of $25.21 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 0.14 and a beta of 1.79.

ArcelorMittal (NYSE:MT) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a net margin of 2.14% and a return on equity of 4.31%. On average, equities research analysts predict that ArcelorMittal S.A. will post 3.72 EPS for the current fiscal year.

ArcelorMittal Dividend Announcement

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be given a $0.275 dividend. This represents a yield of 1.5%. The ex-dividend date is Wednesday, November 12th. ArcelorMittal’s dividend payout ratio (DPR) is presently 27.88%.

About ArcelorMittal

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.